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With unemployment steady at 3.5%, inflation fears shouldn't stop Australia embracing a full employment target

Written by Jeff Borland, Professor of Economics, The University of Melbourne

Despite warnings of a global economic downturn, Australia has again defied the odds with its official unemployment rate remaining steady at 3.5% in March.

Behind that number though, plenty happened. The total number of people in jobs grew by 53,000. The increase of 116,600 in employment in the past two months surpasses anything seen since the...

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